Here are some highlights about Economic Impact Payments to individuals. Most individuals will receive $1,200. Joint taxpayers will receive $2,400. An additional $500 is available for each qualifying child. Information is based on the taxpayer’s most recent tax filing. The amount paid now will be reconciled on next year’s tax return based on the taxpayer’s …
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COVID-19: Economic Impact Payments
April 1, 2020
By Melissa S. Martin
Here are some highlights about Economic Impact Payments to individuals. Most individuals will receive $1,200. Joint taxpayers will receive $2,400. An additional $500 is available for each qualifying child. Information is based on the taxpayer’s most recent tax filing. The amount paid now will be reconciled on next year’s tax return based on the taxpayer’s …